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let's get back to work, guys let's make this economy grow. lia: is there something else that could be done in the long run? people tha are shipping through this port get burned is there another optn? because some of them made the argument, 40% of the cargo in this country moves through this port. no matter what people shift through this la giving the people that are on strike a whole lot of leverage? >> good point. we're always concned by diversn to other ports. we're concerned about diversion to prince rupert where the u.s. gets no money out of movement ofoods coming to the united states. but il th southern california are is suuh a large consuming ar it will always have a decent percentage of cargo coming through here but the incremental cargo is significant. if you divert 10% of the cargo away from los angeles it would be significant in the lo of jobs in sthern california alone. melissa: fred, thankso much for coming on the show. we appreciate it and best of luck to you. i hope this gets relved on. >> thank you very much. melia: so here's t
let's get back to work, guys let's make this economy grow. lia: is there something else that could be done in the long run? people tha are shipping through this port get burned is there another optn? because some of them made the argument, 40% of the cargo in this country moves through this port. no matter what people shift through this la giving the people that are on strike a whole lot of leverage? >> good point. we're always concned by diversn to other ports. we're concerned about...
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we're in a down economy. you've got thousands and thousands of people dependinggon you to work this out. let's get back to work, guys. let's make this economy grow. melissa: is there something else that could be done in the long run? people that are shipping through this port get burned is there another option? because some of them made the argument, 40% of the cargo in this country moves through this port. no matter what people shift through this lane giving the people that are on strike a whole lot of leverage? >> good point. we're always concerned by diversion to other ports. we're concerned about diversion to prince rupert where the u.s. gets no money out of movement of goods coming to the united states. but still the southern california area is suuh a large consuming area it will always have a decent percentage of cargo coming through here but the incremental cargo is significant. if you divert 10% of the cargo away from los angeles it would be significant in the loss of jobs in southern california alone
we're in a down economy. you've got thousands and thousands of people dependinggon you to work this out. let's get back to work, guys. let's make this economy grow. melissa: is there something else that could be done in the long run? people that are shipping through this port get burned is there another option? because some of them made the argument, 40% of the cargo in this country moves through this port. no matter what people shift through this lane giving the people that are on strike a...
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Nov 28, 2012
11/12
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and thoughts about what is top of mind for us about the economy. melissa: so what did you say and did you feel like he listened to you and was going to take action based on that? >> yeah. absolutely. it was really, he had a lot of his top administration there. vice president biden was there as well. they were all really kind of into everything we're saying. very actionable. it was fun to see back and forth t wasn't just him listening to 15 different people. he was engaged and asked questions. melissa: what did you ask him to do specifically? what did you say would help your business? >> one thing that helped us a lot incentives for small businesses to hire. particularly for us we were able to use the jobs now program out in the bay area to get some of our first staff on board. it was to provide a story and face to impact some of these programs that can incentivize hiring for small businesses had. we wouldn't be here without it. melissa: so you got money for hiring new people? or how did it work specifically for you?. >> that was an incentive progra
and thoughts about what is top of mind for us about the economy. melissa: so what did you say and did you feel like he listened to you and was going to take action based on that? >> yeah. absolutely. it was really, he had a lot of his top administration there. vice president biden was there as well. they were all really kind of into everything we're saying. very actionable. it was fun to see back and forth t wasn't just him listening to 15 different people. he was engaged and asked...
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but our economy is teetering on economy. it is a stealth tax and never goes away and the funds don't go to highways and nothing down to encourage driving . the tax revenue will go somewhere else. >> john, i mentioned in the top of the segment that republicans are apparently okay or considering it. the new republican head of the committee in the house of representatives said he will not put it off of the table. >> if they do this, this is the quick path to being the minority party. hopefully they will wake up to that. ate point washington works for us and not them. why can't they sacrifice and spend less of wour money so we don't have to pay more. a union blitz against private companies is a victoryry by big labor about to drive up the fax spill. wait until you hear this coming up next. now one plan to take union pensions off of the backs of taxpayers has failed in california. government unions declaring a major victory and killing off a reform victory that replaced with 401 k style investment plans. it is a defeat for taxpay
but our economy is teetering on economy. it is a stealth tax and never goes away and the funds don't go to highways and nothing down to encourage driving . the tax revenue will go somewhere else. >> john, i mentioned in the top of the segment that republicans are apparently okay or considering it. the new republican head of the committee in the house of representatives said he will not put it off of the table. >> if they do this, this is the quick path to being the minority party....
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. >> john than what does that do to the economy over all? >> it hurts the economy. any time the government involves in ethanoyl or kid's education or health care or housing it lead toz destruction. the pearl student loan went up five percent. 85 percent of that is held by the government. 10 percentelingquency and goes to 15 or 20 and the taxpayer is is left on the bottom floor. >> julian, you think the government should get out of student loan business. that is rough the payment of debt. >> i think everyone agreed that a college education is critical to the country's competeness. if you have a college education you are less unemployment and will earn more income. we need to reform the system. we took banks out as middle man and republicans opposed that . we need to cut the waste out. let me finish the point fimay. the law signed will give students flexibility to pay back under the condition they pay back the loans and that is important reform as well tracey is right. the principle issue is whether kids coming out of the college have an opportunity to get a job. that
. >> john than what does that do to the economy over all? >> it hurts the economy. any time the government involves in ethanoyl or kid's education or health care or housing it lead toz destruction. the pearl student loan went up five percent. 85 percent of that is held by the government. 10 percentelingquency and goes to 15 or 20 and the taxpayer is is left on the bottom floor. >> julian, you think the government should get out of student loan business. that is rough the...
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it is part of what we need to succeed in this global economy. and i'm going to fight for every young person is willing to work hard to get an education. gerri: should everyone have a college degree? >> if i was the president, i think you might has well said t me be clear. every student should start with 30,000 dollars of debt and maybe a bankruptcy. it's absolutely asinine. the current system we have in place is nothing short of immoral. we are putting students that it is economically imperative for them to get an education, but then we are putting them in that situation a situation was. not only are there no jobs, starting with 30,000 dollars of debt is not a way to start your life. gerri: let's get marked in him. i'm going to give you more time. we would like to get more time. mark, is it asinine to these kids start their lives with so much debt and give it to everybody? >> well, college benefits -- the students who have college degrees earn 70 to 80% modents e degrees earn 70 to 80% more. the federal government gets twice as much federal inco
it is part of what we need to succeed in this global economy. and i'm going to fight for every young person is willing to work hard to get an education. gerri: should everyone have a college degree? >> if i was the president, i think you might has well said t me be clear. every student should start with 30,000 dollars of debt and maybe a bankruptcy. it's absolutely asinine. the current system we have in place is nothing short of immoral. we are putting students that it is economically...
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Nov 28, 2012
11/12
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not because it's good for the economy. he has a totally noneconomic reason for it and he's serious, we'll tell you what it is next. >> new at 10, warren buffett who has been begging the government to raise taxes on rich people like himself, well, instead of writing a check, he says, we should tax the rich because it will, quote, raise thh morale in the middle glass. he's serious. and all raising taxes on the wealthy may do, the big story of the day, president obama's campaign, holding more meetings on the fiscal cliff instead of real talks with politicians who have to decide this thing. and going on the road and selling the campaign harry reid says no cuts, democrats have cut spending and entitlements already. >> remember, we've already done more and billion dollars worth of cuts and we've already done that and we need to get credit for at that and these negotiations that take place. >> and the president's position, no more cuts, we're talking about it all with this company. sandra smith is here, and charles payne and as a
not because it's good for the economy. he has a totally noneconomic reason for it and he's serious, we'll tell you what it is next. >> new at 10, warren buffett who has been begging the government to raise taxes on rich people like himself, well, instead of writing a check, he says, we should tax the rich because it will, quote, raise thh morale in the middle glass. he's serious. and all raising taxes on the wealthy may do, the big story of the day, president obama's campaign, holding...
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the fluctuation certainly correlates with what the economy correlates with what the economy is doing. [beep] [indistinct chatter] [kids talking at once] [speaking foreign language] [heart beating] [heartbeat continues] [faint singing] [heartbeat, music playing louder] ♪ i'm feeling better since you knw me ♪ ♪ i was a lonely soul, but that's the old me... ♪ announcer: this song was created with heartbeats of children in need. find out how it can help frontline health workers bring hope to millions of children at everybeatmatters.org. ♪ neilwe paid a lot for that. and you have to think about this. sieging dollars from bills to points, that's what congress wants to do to save cash, what are followers are having some better ideas to really cut our debt. work on something that will save money, not spend more on diculous -- ridiculous projects. stop all stimulus unds that do not help create private sector jobs are make companies more competitive globally. in foreign aid until we have money to spend, if that ever happens
the fluctuation certainly correlates with what the economy correlates with what the economy is doing. [beep] [indistinct chatter] [kids talking at once] [speaking foreign language] [heart beating] [heartbeat continues] [faint singing] [heartbeat, music playing louder] ♪ i'm feeling better since you knw me ♪ ♪ i was a lonely soul, but that's the old me... ♪ announcer: this song was created with heartbeats of children in need. find out how it can help frontline health workers bring hope...
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surprised if that wasn't going on because the magnitude of what this means to this country and the economy of this country is so profound that i would be shocked if, that there is --. melissa: well, i don't know. you're going back to giving them a lot of credit. i'm not sure i'm willing to go there with you. what do you think of tte fact boboth sides come out instantly after an offer is that it is terrible? president obama was out here, blink of the eye after republicans came out with their plan to say this is not in the spirit. >> today you're talking about? messa: yeah, today. what does that tell you? should we read anything into at or is that -- >> again i wl liken it to there are plenty o people far more ucated on this than i but from a negotiation standpoint i think again it is a lot out posturing. sending out your feelers. melissa: right. >> and seeing what the other side's rponse is to that and kind of figuring out what's the quasi-middle kbround. lissa: yeah. >> that is what the president is doing here, saying this isn't in the spirit what we'retrying to accomplish. melissa: right.
surprised if that wasn't going on because the magnitude of what this means to this country and the economy of this country is so profound that i would be shocked if, that there is --. melissa: well, i don't know. you're going back to giving them a lot of credit. i'm not sure i'm willing to go there with you. what do you think of tte fact boboth sides come out instantly after an offer is that it is terrible? president obama was out here, blink of the eye after republicans came out with their...
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the fluctuation certainly correlates with what the economy is doing. neil: mocks my, baby, i'm afraid the economy is going to taint ♪ neil: we paid a lot for that. and you have to think about this. sieging dollars from bills to points, that's what congress wants to do to save cash, what are followers are having some better ideas to really cut our debt. work on something that will save money, not spend more on ridiculous -- ridiculous projects. stop all stimulus funds that do not help create private sector jobs are make companies more competitive globally. in foreign aid until we have money to spend, if that ever happens again.
the fluctuation certainly correlates with what the economy is doing. neil: mocks my, baby, i'm afraid the economy is going to taint ♪ neil: we paid a lot for that. and you have to think about this. sieging dollars from bills to points, that's what congress wants to do to save cash, what are followers are having some better ideas to really cut our debt. work on something that will save money, not spend more on ridiculous -- ridiculous projects. stop all stimulus funds that do not help create...
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an economy so bad that we are not in the mood. we have a baby booming and we are talking neil: the race is on, but instead of running, the birth rate is falling. people are not taking it slow. i am not surprised. wednesday, when you think about this? >> what is interesting is that it's not a composition and it's not a difference of childbearing age. this is a decision story. women are deciding not to have children or delaying it until later date and it makes sense given the current economic situation. in the backdrop of one of the worst economic situation since the great depression. >> we have seen a long-term decline but we did see an uptick or in the boom years. we did see were -- more women. they are saying the real unemployment is up 15% -- the one wait, wait, wai -- [talking over each other] [talking over each other] >> i think there is certainly a discussion of how it's going to be esparza's decision to. neil: area, we think about that? >> i agree with wednesday. i think the thing is -- you know, who could be in the mood now
an economy so bad that we are not in the mood. we have a baby booming and we are talking neil: the race is on, but instead of running, the birth rate is falling. people are not taking it slow. i am not surprised. wednesday, when you think about this? >> what is interesting is that it's not a composition and it's not a difference of childbearing age. this is a decision story. women are deciding not to have children or delaying it until later date and it makes sense given the current...
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lot of things that influence the economy. not just taxes. there are other things. there is no monetary policy, which was great under bill clinton. do not forget that bill clinton did welfare reform. one of the most historic acts over the last 50 years. do not forget that we caught government spending within those years. the problem with obama's proposals is he wants more. this idea that raising tax rates does not hurt the economy because, you can go ahead and spoke three packs of cigarettes a day for the rest of your life because i know somebody who did that and he did not get cancer. stuart: okay. that was very good. [ laughter ] now, i know why you have not been on the show very often. i am at a loss for words when you are done. stephen moore, i do hope you come back and see us soon. >> thank you, sir. stuart: here is an example of what i call tax hypocrisy. costco founder going to save because of the dividend payment this year. not next year, this year. the ceo, he is a very big obama supporter. even spoke at the democrati
lot of things that influence the economy. not just taxes. there are other things. there is no monetary policy, which was great under bill clinton. do not forget that bill clinton did welfare reform. one of the most historic acts over the last 50 years. do not forget that we caught government spending within those years. the problem with obama's proposals is he wants more. this idea that raising tax rates does not hurt the economy because, you can go ahead and spoke three packs of cigarettes a...
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an economy so bad that we are not in the mood. we have a baby booming and we we have a baby booming and we are talking i always wait until the last minute. can i still ship a gift in time r christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery. you know how painful heartburn can be. for fast, long lasting relief, use doctor recommended gaviscon®. only gaviscon® forms a protective barrier that helps block stomach acid from splashing up- relieving the pain quickly. try fast, long lasting gaviscon®. neil: the race is on, but instead of running, the birth rate is falling. people are not taking it slow. i am not surprised. wednesday, when you think about this? >> what is interesting is that it's not a composition and it's not a difference of childbearing age. this is a decision story. women are deciding not to have children or delaying it until later date and it makes sense given the current economic situation.
an economy so bad that we are not in the mood. we have a baby booming and we we have a baby booming and we are talking i always wait until the last minute. can i still ship a gift in time r christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery. you know how painful heartburn can be. for fast, long lasting relief, use doctor recommended gaviscon®. only gaviscon® forms a...
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Nov 30, 2012
11/12
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what would this plant to for our economy? slowdown even more guaranteed, raise the unemployment rate, make us even more like europe. this tax, spend and borrow plan will not give america the growth we so desperately need. consider the timing. right now we have 8% unemployment, less than 3% growth and trillion dollar deficit every year. we are spending $9 billion a week in interest in the death. imposing those tax hikes now is simply bad economic policy, taking all restraints off of borrowing caused disaster. we need 5% growth. we are not going to get it like this. yet again president obama is reviewing his inner self. he is driven by a hard left ideology. take from this group, redistribute, government is everything. clearly the president is good at politics. he won the election but lousy economics. prosperity is not coming back anytime soon. [ male announcer ] where do you turn for legal matters? at legalzoom, we've created a better place to handle your legal needs. maybe you have questions about incorporating a business you'
what would this plant to for our economy? slowdown even more guaranteed, raise the unemployment rate, make us even more like europe. this tax, spend and borrow plan will not give america the growth we so desperately need. consider the timing. right now we have 8% unemployment, less than 3% growth and trillion dollar deficit every year. we are spending $9 billion a week in interest in the death. imposing those tax hikes now is simply bad economic policy, taking all restraints off of borrowing...
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how is business in this economy? let's take a look at some of the winners on the nasdaq. ♪ want to try to crack it? yeah, th's the way to do it! now we need a little bit more... [ male announcer ] at humana, we understand the value of quality time and personal attention. which is why we are proud to partner with health care professionals who understand the difference that quality time with our members can make... that's a very nice cake! ohh! [ giggles ] [ male announcer ] humana thanks the physicians, nurses, hospitals, pharmacists and oth health professionals who helped us achieve the hhest average star rating among national medicare companies... and become the first and only national medicare advantage company to achieve a 5-star rating for a medicare plan... your efforts result in the quality of care and service we're able to provide... which means better health outcomes... and more quality time to share with the ones o matter most. i love you,randma! [ male announcer ] humana. ♪ connell: kobe bryant from the
how is business in this economy? let's take a look at some of the winners on the nasdaq. ♪ want to try to crack it? yeah, th's the way to do it! now we need a little bit more... [ male announcer ] at humana, we understand the value of quality time and personal attention. which is why we are proud to partner with health care professionals who understand the difference that quality time with our members can make... that's a very nice cake! ohh! [ giggles ] [ male announcer ] humana thanks the...
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Nov 29, 2012
11/12
by
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then of course it does get to be, you know, a hail mary pass for this economy. who better to address on all these issues than pastor rick warren. of course, saddleback church fame. you know it is interesting about the purpose driven life. we're on 10-year anniversary one of the most talked about and successful books i think since the bible. the ref rind is a very modest man -- reverend. the purpose driven life, 32 million copies. by comparison, bill o'reilly's killing lincoln, one of the most popular books in the country right now, 2 million copies. the reverend has sol 16 times the number ofooks of bill o'rily, which clearly tells me bill o'reilly is going to hell. "killing kennedy", half a million copies. he is way behind you. all in good fun. pastor, very good to have you. >> thanks, neil. good to be back with you. ironic i'm in new york city and you're in l.a. today so. neil: i know. my loss but our viewers gain just the same. pastor, what do you think, and is it important that a deal is reached by the end of the year? you often remind, you know parishioners
then of course it does get to be, you know, a hail mary pass for this economy. who better to address on all these issues than pastor rick warren. of course, saddleback church fame. you know it is interesting about the purpose driven life. we're on 10-year anniversary one of the most talked about and successful books i think since the bible. the ref rind is a very modest man -- reverend. the purpose driven life, 32 million copies. by comparison, bill o'reilly's killing lincoln, one of the most...
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the fluctuation certainly correlates with what the economy correlates with what the economy is doing. and we can save you 10% on ground shipping over the ups store. look this isn't my first christmas. these deals all seem great at the time... but later, not so much. this isn't that kind of deal. [ male announcer ] break from the holiday stress. save on ground shipping at fedex office. i tell them dentures are very different to real teeth. they're about 10 times softer and may have surface pores where bacteria can grow and multiply. polident is specifically designed to clean dentures daily. its unique micro-clean formula kills 99.9% of odor causing bacteria and helps diolve stains, cleaning in a better way than brushing with toothpaste. that's why i recommend using polident. [ male announcer ] polident. cleaner, fresher, brighter every day. to investing with knowledge. the potential of td ameritrade unlocked. nyse euronext. unlocking the world's potential. to a world of super-connected intelligence. the potential of freescale unlocked. nyse euronext. unlocking the world's potential. go
the fluctuation certainly correlates with what the economy correlates with what the economy is doing. and we can save you 10% on ground shipping over the ups store. look this isn't my first christmas. these deals all seem great at the time... but later, not so much. this isn't that kind of deal. [ male announcer ] break from the holiday stress. save on ground shipping at fedex office. i tell them dentures are very different to real teeth. they're about 10 times softer and may have surface pores...
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Nov 28, 2012
11/12
by
FBC
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you had the economy growing. you had world economies growing. gold is not just for gold bugs. every investor should take a portion of their portfolio and some exposure to hard assets like gold and it is gaining traction. david: why not just buy, there are premiums built into all the products that you sell, that's why you're in business in order to make a little profit. >> yes. david: why not just buy gld? essentially look at gld, look at the spdr if we put it up up on the screen. this is the price of gold on top of gld. they track almost perfectly. why not just buy the stock? >> well --. david: no premium. >> you want physical asset. buy a reit or asset. david: this tracks the spike of gold tick by tick. >> this is security. many like to eliminate the counter part risk. they want physical asset something they can see and touch. you can by physical real estate oar by the reit. many people want the hard asset. gld is fine but a gld is security. having physical gold is one component that is very important. david: what do you think? do you think the situation will deer tate rate s
you had the economy growing. you had world economies growing. gold is not just for gold bugs. every investor should take a portion of their portfolio and some exposure to hard assets like gold and it is gaining traction. david: why not just buy, there are premiums built into all the products that you sell, that's why you're in business in order to make a little profit. >> yes. david: why not just buy gld? essentially look at gld, look at the spdr if we put it up up on the screen. this is...
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the fluctuation certainlyly correlates with what the economy correlates with what the economy is doig. twins. i didn't see them coming. i have obligations. cute obligations, but obligatio. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, builng blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. well, having a ton of locations doesn't hurt. and a santa to boot! [ chuckles ] right, baby. oh, sir. that is a customer. oh...sorry about that. [ male announcer ] break from the holiday stress. fedex office. you know how painful heartburn can be. for fast, long lasting relief, use doctor recommended gaviscon®. only gaviscon® forms a protective barrier that helps block stomach acid from splashing up- relieving t pain quickly. try fast, long lasting gavisc
the fluctuation certainlyly correlates with what the economy correlates with what the economy is doig. twins. i didn't see them coming. i have obligations. cute obligations, but obligatio. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, builng blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes...
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Nov 30, 2012
11/12
by
FBC
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>> the president has to preside over the economy. from a political point of view, the president has a big microphone, he is better at the pr. >> do you agree? >> he will be blamed somewhat. a pretty big majority would blame republicans, which is why i think we're seeing some republican movement to accept just rates, they do not want to go off the fiscal cliff, they think they will be blamed. neil: do you get the feeling that i do, this is kabuki theater, and president with his overtured on rate level, and what they would be, now talking about some spending as part of the deal, that was all factored in. he has just been doing it in stages, we'll get a deal. do you think that is going to happen? >> i think it is a responsible approach. we have to get a dial. this is not a democrat issue or a republican issue, this is an american issue, we know we have to cut spending and we know there has to be some solution. at the end of the day we have on grow the economy. only way out of this thing. >> i think we'll get a deal, i'm not convinced to
>> the president has to preside over the economy. from a political point of view, the president has a big microphone, he is better at the pr. >> do you agree? >> he will be blamed somewhat. a pretty big majority would blame republicans, which is why i think we're seeing some republican movement to accept just rates, they do not want to go off the fiscal cliff, they think they will be blamed. neil: do you get the feeling that i do, this is kabuki theater, and president with his...
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Nov 30, 2012
11/12
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great stable economies with good financials. emerging companies have much better looking balance sheets. fax has a great track record over any three-year period. they have never lost money but we do like to buy them when they have a good, the price is at a good discount to nav. it happens now and then. happened couple weeks ago on november 14th. it was a great dip, a great buying opportunity. we wait. we're picky when we come in. we're waiting for another opportunity. david: we're almost out of time. i want to get your second pick, corporate bond fund lqd. why do you like them quickly. >> again governments don't look nearly as good as corporations. corporations have record levels of cash and really healthy balance sheets and looking to pay off great income. david: lenore hawkins, emeritus advisors, have a wonderful weekend. >> you too. thanks for having me. david: liz? liz: could americans be facing a fiscal food cliff at the supermarket. listen, there are all kinds of tentacles on this story. jeff flock is in woodstock, illinoi
great stable economies with good financials. emerging companies have much better looking balance sheets. fax has a great track record over any three-year period. they have never lost money but we do like to buy them when they have a good, the price is at a good discount to nav. it happens now and then. happened couple weeks ago on november 14th. it was a great dip, a great buying opportunity. we wait. we're picky when we come in. we're waiting for another opportunity. david: we're almost out of...
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it is the economy. lou: it truly is. and i want to also if we may put up the cartoon. we do this very elegantly here. please put up the cartoon. the envelope. i just wanted to see that. it is great. the corner from the nation of achievement, mainstream america usa to the nation of entitlement . i mean, that s to meet not only with the committee is brilliant. can we put that back up? i want to show you something. some might mess in that cartoon. if you look at the stamp in the upper right, and $0.0. it is a food stamp. i have to say, we are looking at a president who is willing, as you know, an assistant on $82 billion of tax increases on the so-called wealthy, the top@ 2%. and that is going to amount to just about nine days, almost nine days a lot bring the federal government's. more and more absurd proportions >> it really is absurd. when you think about it, the deficits cast, over a trillion dollars for the next four years. freckly this will add $80 billion a year. it is nonsense. it is a parody of reality, and the blood is not responsible about their duty is being f
it is the economy. lou: it truly is. and i want to also if we may put up the cartoon. we do this very elegantly here. please put up the cartoon. the envelope. i just wanted to see that. it is great. the corner from the nation of achievement, mainstream america usa to the nation of entitlement . i mean, that s to meet not only with the committee is brilliant. can we put that back up? i want to show you something. some might mess in that cartoon. if you look at the stamp in the upper right, and...
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Nov 29, 2012
11/12
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that will hurt our economy and cost american jobs. republicans have taken action to revert the fiscal cliff. to replace the sequestered and paid way for tax reform and entitlement reform. we are the only ones with a balanced plan to protect the economy, protect american jobs and protect the middle class from the fiscal cliff. without spending cuts and entitlement reform, it will be impossible to address our countries debt crisis and get our economy going again and create jobs. right now, all eyes are on the white house. our country does not need a victory lap, it needs leadership. it is time for the president and congressional democrats to tell the american people what spending cuts they are really going to make. with that, i will take a few questions. [inaudible question] >> we have outlined very specific proposals that we passed in last year's budget and the budget before. we know what the venue is. what we do not know is what the white house is willing to do to get serious about solving our debt crisis. [inaudible question] >> i am
that will hurt our economy and cost american jobs. republicans have taken action to revert the fiscal cliff. to replace the sequestered and paid way for tax reform and entitlement reform. we are the only ones with a balanced plan to protect the economy, protect american jobs and protect the middle class from the fiscal cliff. without spending cuts and entitlement reform, it will be impossible to address our countries debt crisis and get our economy going again and create jobs. right now, all...
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this impacts the economy. it is creating havoc with our economy and state. if they do not get it resolved, not only do we not have growth money which we are anticipating right now in utah, we could take as much of a $500 million loss in revenue streams because of not getting revenue. we are also saying that states are willing to do our part. we understand this will be a shared sacrifice asked you have to look at spending cuts. states are willing to do more with less. we are asking for more flexibility. it has been a common theme. take away some of the strings and we can do more with less. >> what exactly did you say to the president? >> well, and our case, we are here, not just as individual governors, really, our focus today was not to endorse a specific land, nor to dismiss a specific plan. we think it is important that we have a seat at this table and have points in it. concerns about the economy, concerns about the finances. really offering suggestions that we will follow up on as an organization. ways that we continue to highlight what is good for our s
this impacts the economy. it is creating havoc with our economy and state. if they do not get it resolved, not only do we not have growth money which we are anticipating right now in utah, we could take as much of a $500 million loss in revenue streams because of not getting revenue. we are also saying that states are willing to do our part. we understand this will be a shared sacrifice asked you have to look at spending cuts. states are willing to do more with less. we are asking for more...
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. >> the damage it will do to the economy. i don't think the president has a bigger role as he thinks he is. the house will be held by republicans for the foreseeable future, not just two years. midterm elections, six years, sterile for the president. the end of the day he wants a legacy. it's going to be the highest unemployment in history fr two terms it is not careful. he will take us back into recession. if he wants serious negotiations that will sit down and come to some kind of an agreement. we have been down this road before where republicans of given on the taxes. s in the white house with reagan. they promised dollars in cuts. they didn't give us anything. bush went through the same drill when he broke his tax pledge, busch sr. we have had this history beore. basically, tell us what you're going to do. there will be a stimulus by fixing the northeast from the storm. add another 50 billion out there on top of the package. and then the audacity of saying, i'm going to raise the debt ceiling whenever i want to. give me p
. >> the damage it will do to the economy. i don't think the president has a bigger role as he thinks he is. the house will be held by republicans for the foreseeable future, not just two years. midterm elections, six years, sterile for the president. the end of the day he wants a legacy. it's going to be the highest unemployment in history fr two terms it is not careful. he will take us back into recession. if he wants serious negotiations that will sit down and come to some kind of an...
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and you think that's going to have an impact on the economy? >> of course it is. it is-- well it's not the same as extending the bush tax cuts. it's part of the fiscal cliff, because just like all of these other things, stuart, people are trying to move income out of 2013, into 2012, which makes this year look a little bit better than it should, but what it means is that when we hit january 1st, 2013, the economy's going to collapse as far as i can tell. stuart: whoa, whoa, collapse is a strong word, art. >> collapse as low as we are, i agree. stuart: now, the obamacare tax change is a change in the tax rate. >> yes. stuart: that's something that the president's absolutely insisting on. he wants tax rates to go up for the top two income brackets and that's being forced by the republicans. they don't want the rate to go up. they'll pay more in overall revenue, but don't want the rate to go up. your comments please on the president's stand-fast position on raising tax rates? >> well, rates are where the real action is, i mean, if you broaden the base and lowered rat
and you think that's going to have an impact on the economy? >> of course it is. it is-- well it's not the same as extending the bush tax cuts. it's part of the fiscal cliff, because just like all of these other things, stuart, people are trying to move income out of 2013, into 2012, which makes this year look a little bit better than it should, but what it means is that when we hit january 1st, 2013, the economy's going to collapse as far as i can tell. stuart: whoa, whoa, collapse is a...
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Nov 29, 2012
11/12
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if they resolve the fiscal cliff and the economy remains growing, although kind of sluggish -- here is another scenario, we have a loss of revenue from growth money. we are in a situation where we will prepare for the best, hope for the best, but anticipate a negative growth in the economy. liz: there is actually what we are calling the twinkie of fact. it is a negative bidder twinkie affect. there is a hostess plant where you live. how many jobs will that drop-off, as far as employment is concerned? >> a few hundred. clearly, any kind of negative constriction of the marketplace impacts us. even if it is a negative state. clearly, here at home, the good news for us is we are going at a 3.5% rate now economically. we are creating jobs. we have a healthy economy and a great quality of life which is attracting people and businesses to utah. we do not have control over what happens in washington, d.c. we are being very cautious as we go forward waiting to see resolution, out of washington, d.c. liz: i saw a quote of something you said. i thought it was perfect for washington. compromise sh
if they resolve the fiscal cliff and the economy remains growing, although kind of sluggish -- here is another scenario, we have a loss of revenue from growth money. we are in a situation where we will prepare for the best, hope for the best, but anticipate a negative growth in the economy. liz: there is actually what we are calling the twinkie of fact. it is a negative bidder twinkie affect. there is a hostess plant where you live. how many jobs will that drop-off, as far as employment is...
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i'm worried about stalling the economy. in the meantime when we talk about raising taxes and what it would do to small business. democrats like to point out we would only raise taxes on 3% of small business owners. >> right. melissa: but that 3% generates 50% of the inme from small business. so they're hiringhe majori of people. to me that is going to cost us jobs. >> well,ou know what? i think that what will cost us jobs for sure is if we go off thissfiscal cliff, because it is not just about ising tacks. it is also about the debt ceiling. it is about unemployment insurance. we have number of key issues that absolutely have to be resolved byythe end of the month. i want to tell youomething, in spite of what it might look i'm actually optimistic i think this is the way negotiations happen. melissa: you are? >> in the political world, i am, i am. in the political world, you know 30 days is a litime. and so i believe that we will reach agreement. now what i don't believe will happen i don't believe we'll solve all the problem
i'm worried about stalling the economy. in the meantime when we talk about raising taxes and what it would do to small business. democrats like to point out we would only raise taxes on 3% of small business owners. >> right. melissa: but that 3% generates 50% of the inme from small business. so they're hiringhe majori of people. to me that is going to cost us jobs. >> well,ou know what? i think that what will cost us jobs for sure is if we go off thissfiscal cliff, because it is not...
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we are really looking at an economy that is weak. ooly thing keeping keeping consumer spending going is that households have been prepared to cut back on their savings rate to such a low level that i do not think there is more room or that in 2013. lori: there are bright spots on the economy. you have to point to housing. the auto sales numbers that came out today, pretty good. especially ford. holiday sales have been better than expected, as well. >> the housing is the big number. it has definitely turned the corner. it is coming at such a low base that it really is not doing much for gdp growth. we just got the gdp numbers last week. we had residential investment of 14% in real terms. very good. what does it add to gdp, three tenths of 1%. we are coming from such a lopez that it just does not do much for the overall growth rate. lori: is there anything that can be done that we will avoid a recession altogether? >> not just a small down payment with a big? halfway through next year. i think another thing that can be done is to do th
we are really looking at an economy that is weak. ooly thing keeping keeping consumer spending going is that households have been prepared to cut back on their savings rate to such a low level that i do not think there is more room or that in 2013. lori: there are bright spots on the economy. you have to point to housing. the auto sales numbers that came out today, pretty good. especially ford. holiday sales have been better than expected, as well. >> the housing is the big number. it has...
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there are lots of ways to raise revenues without doing harm to the economy. lori: i have got to interrupt you here, why is the president so insistent upon raising tax rates for the wealthy? if you are point we don't necessarily have to do that to get meaningful revenues. melissa: it seems like religious or political on is part. this is a matter of an article of faith on the part of democrats and liberals to get rid of the bush tax cuts for the wealthy. they campaigned on it for more than 10 years now since it was enacted in the bush administration. they want to get rid of it. they ought to understand those are some of the most harmful economic ways of increasing revenues for the fiscal government. they ought to look for things that promote growth, not harm growth. lori: you laid it out. research rnc credits that will perhaps stop spending money on r&d until they get a firm idea of the credits they are entitled to. do you think this economy which is so fragile, weak jobs numbers, probably another bad one on friday. however as are we for going into a contractio
there are lots of ways to raise revenues without doing harm to the economy. lori: i have got to interrupt you here, why is the president so insistent upon raising tax rates for the wealthy? if you are point we don't necessarily have to do that to get meaningful revenues. melissa: it seems like religious or political on is part. this is a matter of an article of faith on the part of democrats and liberals to get rid of the bush tax cuts for the wealthy. they campaigned on it for more than 10...
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the fiscal cliff potentially sending the economy into recession. the fear of the cliff. is that putting a veil over your eyes and pretending you seeing good news that could make better trades for your portfolio? you need to see the forest for the trees. to help do that, liz saunders in a fox business exclusive, charles schwab's vice president and chief investment strategist. what is the biggest mistake that the investor is making right now as it pertains to navigating that very rocky fiscal cliff landscape? >> they are trying to trade around perceived outcomes. that is fairly treacherous. we don't get a sense that a lot of investors are doing that -- [talking over each other] liz: there were buying in on the dips because they are trading around he headlines. >> there's a lot of tax related strategy happening right now, many of which make a lot of sense, but i have asked the question of loss, what would you put money on a particular outcome? i wouldn't. that is a dangerous strategy. >> one scenario could be as damaging as another. we can gain that at this point, what shou
the fiscal cliff potentially sending the economy into recession. the fear of the cliff. is that putting a veil over your eyes and pretending you seeing good news that could make better trades for your portfolio? you need to see the forest for the trees. to help do that, liz saunders in a fox business exclusive, charles schwab's vice president and chief investment strategist. what is the biggest mistake that the investor is making right now as it pertains to navigating that very rocky fiscal...
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the economy has not been doing well. we cannot do this on our own. gerri: you couldn't really -- you couldn't pay off another loan. >> i don't need another loan. is done as part business decision for me to open up my door's not even knowing it my community is lowwstanding with another low my head. it's not a small business decision that is appropriate to think. gerri: you are not only a small business operator. you have a three year-old. >> of course. mother of sylvia, 3a-year-old. gerri: we're seeing a picture. >> she is called the bagel baby. the customers come and invest about her more than meet. gerri: a family operation. >> of course. mom and my dad and my fiance. we are in there all the time. gerri: there are businesses all over this region who are in the same situation who are facing the same problem. >> oh, of course. this is something widespread. i have spoken to many businesses in the communities that i am friends with our we have reached out to show support for each other. we are all in the same boat. none of us have gotten any help. and i
the economy has not been doing well. we cannot do this on our own. gerri: you couldn't really -- you couldn't pay off another loan. >> i don't need another loan. is done as part business decision for me to open up my door's not even knowing it my community is lowwstanding with another low my head. it's not a small business decision that is appropriate to think. gerri: you are not only a small business operator. you have a three year-old. >> of course. mother of sylvia, 3a-year-old....
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Nov 30, 2012
11/12
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. >> it is not leaving a strong economy, it is transforming the economy into a your -- european socialist. connell: thank you, monica. >> thank you. connell: we do have real numbers on the economy to talk about. today, we learned consumer spending is down for the month of october. not to worry says stuart hoffman. he joins us from pittsburgh. >> it is a deal when consumer spending falls. we should put it in context. in july, august and september contributors had a pretty good rebound. as you said, some of the hurricane sandy koufax did affect this number we will find out on monday whether the sales came back when they announced november numbers. if you average this out, we saw, even in our company, a decline in sales of our merchant services. we have seen more of a return to normal and i was encouraged, but i guess it is now black thursday to cyber monday sales look pretty good. connell: everyone says, all right, well, what if we do not get there in terms of this washington self that monica was just talking about and we do not have a deal at the end of the year. does that didn't stop us i
. >> it is not leaving a strong economy, it is transforming the economy into a your -- european socialist. connell: thank you, monica. >> thank you. connell: we do have real numbers on the economy to talk about. today, we learned consumer spending is down for the month of october. not to worry says stuart hoffman. he joins us from pittsburgh. >> it is a deal when consumer spending falls. we should put it in context. in july, august and september contributors had a pretty good...